You are on page 1of 2 Working with High-Value Talent Offshore When considering offshoring many people automatically consider India.

But just recently the Philippines overtook India as the #1 location for placing voice-based services. Today non-voice work, such as knowledge process outsourcing, is also booming in the Philippines. Out of all the countries in the world, what is driving the success of the Philippines in this fiercely competitive market? Here are some facts to consider: English The Philippines has an English literacy rate of 79%. Its parliament and legal system are all in English. India has a huge population but only 13% speak English. This means India still has twice as many English-speakers as the Philippines, but none-the-less the Philippines has around 82 million. Also, the Philippine accent is very neutral. It sounds slightly American. To an untrained ear a Filipino might sound a bit like a Californian. Culture The Philippines is a highly Americanised Catholic country. This is very important. At a practical working level, Filipinos are not resentful of Western culture and do not see themselves as competing with it. Secondly, there is just the one dominant religion, so you dont have to deal with myriad issues around religious differences. Given that much of the West is also Catholic / Christian there are broad similarities. Filipino culture and Australasian / North American/European cultures, while all different, have many common markers which aid in communication. Economy The Philippines is a democracy with a very free-wheeling capitalist economy. There is very low inflation (2.8% compared to Indias 11%) and a very stable currency (except for some wild gyrations during the extreme peak of the GFC). The government sector in the Philippines only accounts for around 15% of GDP, much less than either Australia or the United States. Public debt is only around 50% and falling in both absolute and relative terms. The economy is growing at about 7%. Education The Philippines has a uniform, centralised, American-based education system. Interestingly, the largest contributor to the annual education budget, not counting the Philippine Government itself, is the Australian Government through AusAid. Australia therefore has enormous influence on the Philippine education system. The system produces around 600,000 University Graduates a year. This is a huge pool of highly educated talent for businesses to tap into. The Philippines is now the world leader in contact centre work with close to 500,000 agents working for global companies. However, it has now got almost as many workers employed in high value roles, from engineering to IT design and development, accounting, research, administration and executive assistants. About FlatPlanet Flat Planet helps you open the door to the high-value global talent market. By high-value, we mean educated and experienced professionals dedicated to creating an impact for organizations or businesses wherever they are located.

Your high-value talent lives and works in Flat Planets world-class professional offices located in Makati City, just 100 meters from the Philippine Stock Exchange in the heart of the nations financial district. For more information: